Over 200 million people are currently affected by environmental disasters globally, costing world economy hundreds of billion annually and displacing thousands of people every day.

Developing and emerging countries are more vulnerable to the impacts of climate change. Climate change is among the greatest threats to financial stability and poverty alleviation, and deepens financial exclusion.

The Sharm El Sheikh Accord on Financial Inclusion, Climate Change and Green Finance, was endorsed by an overwhelming 94% of the AFI membership. The Accord commits AFI members to work together and with partners to identify, understand and implement financial inclusion policy solutions that also have positive outcomes for the environment, focusing on communities that are most vulnerable to climate change.